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USDCHF likely to test upper channel before news. There is a Bearish Ascending Flag pattern, which which theoretically indicates the continuation of the larger timeframe bearish trend. If this pattern fails, with price breaking above the upper trendline, it could indicate a bullish trend reversal of the larger timeframe.

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Upcoming news likely to create an increase in momentum from the recent consolidation to new value area. Pre-news fake-breaks in the opposite direction possible.

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GBP consolidating after a bearish move. Possible Long trade justified by good risk to return with a tight stopLoss

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Possible bounce back to previous resistence. Tight Stop-Loss as could crash bearishly through previous pivot low

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Some momentum appearing as GBP positions itself prior to upcoming news.

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USDX is exhibiting a slowing of short term momentum. It is likely to test support levels to determine market strength and sentiment prior to the upcoming News releases. Failure/Success of these support levels could lead to accelerated moves beforehand.

fugutrader Updated 

AUDCAD is exhibiting signs of breaking out of its recent Bearish channel. It is encountering resistance at the 4hr 100 SMA (0.88) It will possibly test the previous upper channel trend line to see if it is provides support or falls below it re-entering the channel to revert to the lower trendline. Upcoming news for both currencies will likely initiate any...

fugutrader Updated 

EURZAR has been in a recent range and is now testing the upper trend line. Market possibly pre-empting a negative tone to the South African finance ministers speech on Wednesday. If the breakout is a fake, there is a high likelihood of it revering to the lower level of the Triangular formation.

fugutrader Updated 

A quick reversion to the mean trade with an acceptable Risk/Return ratio

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NZDCHF has recently broke through the Daily 200 EMA and will likely want to retest it after a recent bullish run. It is experiencing indecision in the 1 and 5min timeframes which often precede a new energetic move. The MACD is also painting a Bearish Divergence indicating a slowing down of momentum.

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NZDCAD has been on a bullish run and is exhibiting signs of being excessively overbought despite a decrease in momentum as exhibited via a Bearish Divergence on the MACD indicator. A possibility for quick profits if CAD news is positive. NZD is exhibiting bullish signs in the larger timeframe so be prepared for a strong continuation in this direction even after...

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EURCHF is showing short term strength approaching News and is possibly overextended and due for a pullback. The shorter timeframe is displaying a Triangular pattern indicating a compression of volatility caused by uncertainty. The larger timeframe exhibits a Head & Shoulders pattern which is a reversal pattern so could signify an end to the longer term EURCHF...

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A possible short reversionary trade with momentum slowing as evidenced by a divergence on the MACD indicator. An acceptable risk/return ratio.

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The pair is finding support on the Daily 200 EMA. A good risk/return ratio.

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AUDCHF has been in a bullish trend for February and is now testing larger timeframe resistance levels. If it retraces and bounces off support levels there is an opportunity for a swing trade in the direction of the current trend. There is however evidence of slowing momentum in the MACD indicator on the 1hr timeframe so watch for a break of the support trendline.

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CADJPY is exhibiting a loss of momentum as exhibited by a divergence on the MACD indicator. The market is factoring in expectations prior to both currencies news releases next week so there is a high possibility of a large move if news is contra these expectations. CAD is also making new 15 year highs against the Yen with Japan's economy unexpectantly slipping...

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Price is consolidating in a Triangle after a strong down move. This compression often precedes a strong price move. Use bracket entries to enter trade as could be either a reversal or a continuation. Watch volume for confirmation.

fugutrader Updated 

Strong bullish runup with a possible attempt to reach the 5.5 round number level. If it attempts and is rejected or falls beforehand, a retracement is a strong possibility.